Fluor Wins Contract for Quellaveco Copper Project in Peru

Tuesday, April 29, 2014 5:05 pm EDT



Public Company Information:

"The Quellaveco project is an important project for Anglo American and for the country of Peru"

IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) received a limited notice to proceed from Anglo American PLC for engineering, procurement and construction management (EPCM) services for the Quellaveco copper project in Peru. This is an additional opportunity in the stage-gate process for Anglo American to validate the economic case of the project. Fluor booked the mining contract for an undisclosed value in the first quarter of 2014.

The Quellaveco project, one of the biggest copper projects in Peru, includes a copper production facility and port expansion. Fluor will provide project planning and early engineering services from its offices in Lima, Peru, and Santiago, Chile.

“The Quellaveco project is an important project for Anglo American and for the country of Peru,” said Rick Koumouris, president of Fluor’s Mining & Metals business line. “We are very pleased to be selected by Anglo American to be their partner in progressing the development of the project and to continue Fluor’s 20-plus year legacy in Peru.”

Additionally, Fluor will provide construction management and early works execution services for the project in southern Peru. The work is expected to be completed over the next 18 months.

About Fluor Corporation

Fluor Corporation (NYSE: FLR) is a global engineering and construction firm that designs and builds some of the world's most complex projects. The company creates and delivers innovative solutions for its clients in engineering, procurement, fabrication, construction, maintenance and project management on a global basis. For more than a century, Fluor has served clients in the energy, chemicals, government, industrial, infrastructure, mining and power market sectors. Headquartered in Irving, Texas, Fluor ranks 110 on the FORTUNE 500 list. With more than 40,000 employees worldwide, the company's revenue for 2013 was $27.4 billion. Visit Fluor at www.fluor.com and follow on Twitter @FluorCorp.


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